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<br />.__"^U State of Nebraska
<br />
<br />Space Above This Line For Recording Data
<br />
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />D Construction Security Agreement
<br />
<br />D Master form recorded by .. __ __ __ __ __
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is . __
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />
<br />TRUSTOR: Michael A Bechtold
<br />Kristal L Bectold
<br />2512 K Street^~
<br />Ord. NE 68862
<br />
<br />~I
<br />
<br />CJar
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<br />(D~
<br />
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<br />
<br />D If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />
<br />TRUSTEE: Old Republic National Title Insurance Company
<br />
<br />BENEFICIARY: JMH Development. LLC
<br />4665 W Capital Ave
<br />Grand Island. NE 68803
<br />
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (defined below) and Trustor's perfonnance under this Security Instrument, Trustor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />property:
<br />
<br />Lot 31. Country Meadows Second Subdivision. in the City of
<br />Grand Island, Hall County. Nebraska
<br />
<br />The property is located in
<br />
<br />Hall
<br />
<br />(County)
<br />Grand Island
<br />
<br />(City)
<br />
<br />at 4109 West Ridge Ln
<br />
<br />, Nebraska
<br />
<br />68803
<br />
<br />(Address)
<br />
<br />(ZIP Code)
<br />
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian
<br />rights, ditches, and water stock and all existing and future improvements, structures, fixtures, and replacements that may
<br />now, or at any time in the future, be part of the real estate described above (all referred to as "Property").
<br />
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at anyone time shall
<br />not exceed $ TwentY:-:-J:l.ix__t.housand JJo.llars . This limitation of amount does not include interest and other fees
<br />and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made under
<br />the terms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants contained in this
<br />Security Instrument.
<br />4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows:
<br />A. Debt incurred under the terms of all promissory note(s), contract(s), guaranty(s) or other evidence of debt described
<br />below and all their extensions, renewals, modifications or substitutions. (When referencing the debts below it is
<br />suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />
<br />A Promissory Note dated 11/1/06
<br />
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC. FHA OR VA USEI
<br />~ 0 1994 Bankors Systems, Ine.. St. Cloud, MN Form RE-DT.NE 1/30/2002
<br />G -C165(NE) 103011 VMP MORTGAGE FORMS - (BOO)521-7291
<br />@
<br />
<br />""Ii'
<br />
<br />(page 1 of 4)
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